ASSET RETIREMENT OBLIGATION

6 Months Ended

Oct. 31, 2023

Asset Retirement Obligation Disclosure [Abstract]

ASSET RETIREMENT OBLIGATION

NOTE 6 — ASSET RETIREMENT OBLIGATION

In conjunction with various permit approvals permitting the Company to undergo exploration activities at the CK Gold, and Keystone projects, the Company has recorded an ARO based upon the reclamation plans submitted in connection with the various permits. The following table summarizes activity in the Company’s ARO for the periods presented:

	October 31, 2023			April 30, 2023
Balance, beginning of period	$	285,764		$	260,196
Retired		(6,075	)		-
Accretion expense		13,930			25,568
Balance, end of period	$	293,619		$	285,764

For the six months ended October 31, 2023 and 2022, accretion expense amounted to $13,930 and $12,807, respectively. For the three months ended October 31, 2023 and 2022, accretion expense amounted to $7,186 and $6,533, respectively, and was included in general and administrative expenses as reflected in the accompanying unaudited condensed consolidated statements of operations.